Geospatial Imagery Analytics Market Technological Challenges, Market Update, Volume Analysis, Growth Prospects And Forecast 2023-2032|Oracle Corporation, Hexagon AB, Environmental Systems Research Institute Inc., (ESRI), TomTom International B.V., Trimble Inc.

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The Geospatial Imagery Analytics Global Market Report 2023 by The Business Research Company, provides geospatial imagery analytics market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Geospatial Imagery Analytics Global Market Report 2023, the global geospatial imagery analytics market size will grow from $9.58 billion in 2022 to $12.23 billion in 2023, at a compound annual growth rate (CAGR) of 27.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the geospatial imagery analytics is expected to grow to $31.88 billion in 2027 at a CAGR of 27.1%.

The increase in demand for small satellites is expected to drive the growth of the geospatial imagery analytics market going forward. The small satellites are usually less than 100 kg, or the size of suitcases. These satellites are used in imagery analytics for analyzing small pieces of information across the globe with less cost, and more reliable and accurate results in minute operations.

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The geospatial imagery analytics market is segmented:

1) By Type: Video-Based Analytics, Imagery Analytics

2) By Geospatial Technology: Global Positioning System (GPS), Geographical Information Systems (GIS), Remote Sensing (RS), Unmanned Aerial Vehicles (UAVs)

3) By Deployment Mode: Cloud, On-Premises

4) By Organization Size: Large Enterprises, Small and Medium-Sized Enterprises (SMEs)

5) By Application: Agriculture, Mining and Manufacturing, Defense and Security, Energy, Utility, and Natural Resources, Government, Healthcare, Insurance, Other Applications

Technological advancements have emerged as the key trend gaining popularity in the geospatial imagery analytics market. Major companies operating in geospatial imagery analytics are introducing new technological innovations to sustain their position in the market. For instance, in January 2021, Esri, an Indian-based company that manufactures geospatial imaging analytics systems, launched a new technology known as the ArcGIS Platform. Esri’s ArcGIS Platform works on a cloud consumption model. App developers typically utilize this technology to identify how to incorporate location capabilities into their apps, business processes, and products. It helps in providing easy access to geospatial technology.

The geospatial imagery analytics market report table of contents includes: